The prices in real estate in Marilao, in the Bulacan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Marilao has increased strongly during the last 6 months. In October, the average price per m² was ₱ 60,653. In the following month the price per m² decreased to ₱ 54,671. The price for the following two months in (December, January) had a considerable increment of 159 %. The price per m² has had a considerable increase of 135 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of ₱ 74,714 to ₱ 100,497.5 during February, and March.
Based upon to the price in Marilao (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₱ 2,457,876. During November the price went through a considerable rise reaching ₱ 4,472,622. During the following two months (December, January) the average price had a considerable increase of 186 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 4,958,077.5 and ₱ 4,925,736 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 4,851,791 they are 67 % more affordable than the average price for Marilao. The properties with the highest average price have 1 bedroom, Their price is 74 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 5,877,625.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 34,519 / m², with an average ₱ 95,000 / m² price in Marilao. The properties with the highest average prices have 1 bedroom. They are 123 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 52,237 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 4,851,791 it is 47 % cheaper than the average price in Marilao. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Condominium". At a price of ₱ 10,242,490 it is 891 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 17,717 / m² followed by "House" priced at ₱ 28,115 / m². "Condominium" is the most costly type of property with a ₱ 231,621 / m² cost followed by "Commercial Lot" with an average price of ₱ 61,402 / m².
